If Hong Kong is to secure its future as an international financial centre when China opens up, one of its best hopes is to become a fund management hub.
That is exactly what local regulators and legislators are hoping to achieve with negotiations to grant mutual recognition between funds domiciled in mainland China and Hong Kong.
The plan is designed to make Hong Kong the most attractive and obvious place from where international fund managers can try to sell investments to hundreds of millions of Chinese savers.
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